Absolent Group (Sweden) Market Value
| ABSO Stock | SEK 249.00 5.00 2.05% |
| Symbol | Absolent |
Absolent Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Absolent Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Absolent Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Absolent Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Absolent Group AB or generate 0.0% return on investment in Absolent Group over 90 days. Absolent Group is related to or competes with AQ Group, Troax Group, Bufab Holding, Beijer Ref, and Addtech AB. Absolent Group AB develops, manufactures, and sells filtration technology worldwide More
Absolent Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Absolent Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Absolent Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0732 | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 7.0 |
Absolent Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolent Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Absolent Group's standard deviation. In reality, there are many statistical measures that can use Absolent Group historical prices to predict the future Absolent Group's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | 0.4768 | |||
| Sortino Ratio | 0.0871 | |||
| Treynor Ratio | (0.37) |
Absolent Group AB Backtested Returns
Currently, Absolent Group AB is very steady. Absolent Group AB secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Absolent Group AB, which you can use to evaluate the volatility of the firm. Please confirm Absolent Group's Mean Deviation of 2.08, risk adjusted performance of 0.0415, and Downside Deviation of 2.48 to double-check if the risk estimate we provide is consistent with the expected return of 0.0109%. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Absolent Group are expected to decrease at a much lower rate. During the bear market, Absolent Group is likely to outperform the market. Absolent Group AB right now shows a risk of 3.02%. Please confirm Absolent Group AB sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Absolent Group AB will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Absolent Group AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between Absolent Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Absolent Group AB price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Absolent Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 171.46 |
Absolent Group AB lagged returns against current returns
Autocorrelation, which is Absolent Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Absolent Group's stock expected returns. We can calculate the autocorrelation of Absolent Group returns to help us make a trade decision. For example, suppose you find that Absolent Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Absolent Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Absolent Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Absolent Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Absolent Group stock over time.
Current vs Lagged Prices |
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Absolent Group Lagged Returns
When evaluating Absolent Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Absolent Group stock have on its future price. Absolent Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Absolent Group autocorrelation shows the relationship between Absolent Group stock current value and its past values and can show if there is a momentum factor associated with investing in Absolent Group AB.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Absolent Stock Analysis
When running Absolent Group's price analysis, check to measure Absolent Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Absolent Group is operating at the current time. Most of Absolent Group's value examination focuses on studying past and present price action to predict the probability of Absolent Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolent Group's price. Additionally, you may evaluate how the addition of Absolent Group to your portfolios can decrease your overall portfolio volatility.